Bought with The Keyes Company
$700,000
$700,000
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8 Beds
4 Baths
3,600 SqFt
SOLD DATE : 01/28/2022
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $194
Subdivision Laura Lane Unrec On Am-52
MLS Listing ID RX-10769443
Sold Date 01/28/22
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1975
Annual Tax Amount $8,248
Tax Year 2021
Lot Size 0.470 Acres
Property Description
Outstanding multifamily investment opportunity. Enjoy 100% occupancy from day one. Each unit has been well kept as illustrated in the photos. This opportunity includes 2 sperate duplexes which are nicely position on a 20,481 square foot lot. The property comes complete with 8 parking spaces (plenty of room for more spots), hurricane panels and each of the 4 units have separate electric meters. Property is on Septic and was cleaned in 2015. 2 units have 2019 or newer AC system and Electrical Panels. Each units include it's own private large outdoor space. Pro-forma rent projected at 6.8% CAP Rate. There is approximately 6,400 sq feet of undeveloped land on the west portion of this lot providing space for one addition single family unit, if approved by the city zoning department.
Location
State FL
County Palm Beach
Area 5510
Zoning RM
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile, Laminate, Tile
Exterior
Exterior Feature Fence
Utilities Available Electric, Public Water, Septic
Amenities Available None
Waterfront Description None
View Other
Roof Type Comp Shingle
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Others
HOA Fee Include Lawn Care,Maintenance-Interior,Water
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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